Today, June 5th, is “World Environment Day,” an annual international campaign established by the United Nations back in the 1970s in hopes of creating awareness and encourage action towards the protection of earth and the overall environment. Today is also notable for members of the Dave Matthews Band, as the group will be named “Goodwill Ambassadors” for the United Nations Environment Programme.Related: Dave Matthews Discusses Charitable Work & Retirement Plans On ‘CBS This Morning’The popular jam-rock band is being welcomed into the U.N. Ambassador family thanks to their work alongside organizations like REVERB in helping establish sustainability initiatives at their performances. Some examples of the way they help the environment while on tour include utilizing locally sourced products during staff/band catering and implementing single-use plastic reduction, composting and recycling.According to reports, the band’s work has helped to eliminate up to 121 million pounds of CO2 and 478,000 single-use plastic bottles, in addition to collecting an astounding 338,000 gallons of recycling and composted 138,000 pounds of food. The band has also encouraged their loyal fanbase to help raise an impressive $2 million for various environmental causes. It’s too bad today’s digital streaming platforms can’t say the same.“We wholeheartedly welcome the entertainment industry in joining government, civil society and private sector leaders in the fight for positive climate solutions,” North America’s UN Environment Office Director Barbara Hendrie mentioned of the band’s contributions to environmental awareness in a statement. “Musical artists are in a unique position to use their platforms as performers and public figures to build awareness and engage their fans to take action on a very large scale.”Dave Matthews Band now joins contemporaries like Grateful Dead’s Bob Weir as recognized ambassadors to the U.N.’s Environment Programme. Wednesday’s honor, however, marks the first time the U.N. has given the recognition to an entire band rather than just one individual.The recognition comes as the Dave Matthews Band is currently on a break from their ongoing summer tour, which picks up again in a few weeks with two shows at BB&T Pavilion in Camden, NJ on June 14th-15th. For the complete list of tour dates and ticket info, visit the band’s website.[H/T Billboard]
Have you seen the latest research published by LinkedIn about Affluent Millennials? It’s pretty incredible. This generational subset is comprised of individuals born from 1981 to 1997 with at least $100,000 in investable assets, excluding real estate. These powerful consumers spend a staggering $2 trillion every year. In addition to the wealth they will build on their own, in the coming years they will also be on the receiving end of a massive generational shift of approximately $59 trillion in personal wealth.Bottom line: this powerful generational subculture will drastically change the financial services industry around the world. How can financial services navigate these massive changes?LinkedIn and Ipsos recently conducted a global study of approximately 9,200 Millennials to answer this question, focusing in particular on the 1,507 respodents from the United States. What LinkedIn’s study found is that the financial behaviors of Affluent Millennials are vastly different from those of their immediate elders, Affluent GenXers. Additionally, there are startling differences between general Millennials and those defined as Affluent. A whitepaper presenting all the findings of LinkedIn’s Affluent Millennial study is available now, but here are some of the highlights that I found to be most interesting. continue reading » 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
22SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Carletta Clyatt Carletta Clyatt, a popular seminar speaker, is the SVP at The Omnia Group. She offers clients advice on how to manage more effectively and gain insight into employee strengths, weaknesses … Web: www.omniagroup.com Details Whether or not it has been consciously identified, every company has a corporate culture. And while there’s no physical presence, it subtly influences the entire organization and drives the actions and decisions of your team. Maybe it’s characterized by change, and is therefore dynamic. Maybe it’s aggressive and focused on growth. Possibly, it is focused on being cutting edge, or branded by providing the best customer service. Or less positively, it is characterized by upheaval, unpredictability and chaos. Employees might define your culture as happy or hostile, as fast paced or plodding, as interactive or boring, so it can have a profound impact on employee satisfaction, engagement, everyday operations and the bottom line. Culture can, and should, be a mindful choice, though in many organizations it develops in response to management or industry changes. What creates a corporate culture? A company’s culture is generally dictated by leadership. When things are good, a corporate culture is created by vision, choice and planning. Management decides where they want the company to go and how they want it to get there. In less ideal situations, a corporate culture is created in reaction to something: fear of change, a quick response to industry shifts, a need for strict control. If it works, maintain it. When an organization has a clear vision about their culture, and the culture works, it’s much easier to use that to ensure positive growth and endure the tough times. Why? Because the employees know what is expected. They feel secure, and they feel included as contributors to their company’s successes. To maintain a successful corporate culture, it is important to: Create a mission statement: Identify the touchstone, the most important value or element of your company, and create a mission statement around it. Communicate your mission to all employees. Make sure it is more than words: Don’t just say it, have policies and procedures that back it up. Reward people whose actions support your company’s vision. Hire people who can fit in: Every employee brings a little something new and different to the table, but make sure the people you hire can agree to and fit in with your culture. Be prepared to change/grow: Times and situations change, struggling to maintain a culture that no longer works can create its own chaos. Be mindful of changes, communicate with members and employees and be flexible. If it doesn’t work, change it. A corporate culture marked by paranoia, low morale, high turnover and tight management restrictions doesn’t work. Such a situation results in unproductive employees, absenteeism and high recruiting and retraining costs. If you notice signs of a sickly corporate culture, there are some steps you can take to change it: Identify the problem(s): Talk to your employees in a safe environment and listen to them. Solicit anonymous feedback. Perform extensive exit interviews. Check out the highest turnover areas. Ask people what they would do to change it, and be prepared to implement viable solutions. Define where you want your company to be: Besides being profitable, what do you want for your organization? What do you want your customers to think of when they see your name? Create a mission statement, and communicate it your employees. Implement changes that will support your mission, and be prepared for some bumps in the road. Change isn’t easy, and some people will resist, but the dangers of maintaining the status quo might be far greater than the risks of trying new things. Discover current employees who can get you there, or coach them to be what you need. Hire people who will contribute to the change you want: Once you know where you are going, recruit people who share your vision. Need help training or hiring people to fit with your corporate culture? Contact your Omnia Client Advisor to review your cultural preferences and discuss training and hiring options.
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SHARE Email Facebook Twitter Students, Veterans Join Wolf Administration in Scranton for Community Event Press Release Scranton, PA – Today, Wolf Administration cabinet officials were joined by nearly 200 attendees including community members, high school students, and veterans from the Gino Merli Veterans’ Center, for a Cabinet in Your Community event at the University of Scranton.“I am delighted that my administration was able to learn what issues are most important to Northeastern Pennsylvanians at the University of Scranton today,” said Governor Tom Wolf. “It’s important that we continue to have this type of valuable dialogue across the commonwealth and that everyone has an opportunity feel connected to Harrisburg no matter where they live.”Featuring Department of Human Services Secretary Teresa Miller, Department of Labor & Industry Secretary Jerry Oleksiak, Department of Aging Secretary Teresa Osborne, Department of Drug and Alcohol Programs Secretary Jennifer Smith, and Department of Military and Veterans Affairs Adjutant General Maj. Gen. Anthony Carelli., the department secretaries provided region-specific updates on major projects, accomplishments, and answered impromptu questions from the audience.The Cabinet in Your Community initiative is a series of townhall-like events in which members of the community are given the opportunity to interact with cabinet secretaries and talk about the issues important to each region. Since its inception, this series has hosted 18 events across the commonwealth.The next Cabinet in Your Community event is currently scheduled for June 4 in Butler county at Slippery Rock University with cabinet secretaries from the departments of Conservation and Natural Resources, Health, Community and Economic Development, and the Pennsylvania Emergency Management Agency. May 18, 2018
This acknowledges that most dispersion between emerging market stock returns is due to country factors. It has certainly been true in the past that one characteristic of emerging market stocks was the generalisation that they were more highly correlated to their local stock market than their global sector allocation.While this tendency has grown more muted over the last couple of decades, the dispersion across emerging markets in the immediate aftermath of the US election was quite striking. Russian stocks climbed 20% between 8 November and mid-February, while Polish and Egyptian equities were up about 12% over the same period. Mexican stocks fell 12%.Are emerging markets riskier than developed? Economist and entrepreneur Jerome Booth always likes to proclaim that the difference between the two is that, in emerging markets, risk is acknowledged and discounted, while developed markets suffer from a misperception of risk.From a developed market investor point of view however, as Subramaniam points out, single-country emerging market portfolios can remain riskier than their developed market counterparts by one important measure: currency risk. MSCI finds that in many countries, over 40% of market volatility arises solely from currency effects.Yet what Subramaniam does not point out in his article is that developed markets also see tremendous volatility from similar sources. The Brexit vote caused sterling to fall almost 20% against the dollar and has every chance of falling much further. The long-term survival of the euro is also at risk with political uncertainties sweeping across Europe.While currency risk is inherent in any emerging market transaction, it is also present in a developed market transaction outside the home market. The management of this risk is primarily through diversification across the universe of emerging markets. But as the divergence between developed and emerging markets grows stronger, the rationale for having separate passive global emerging market mandates may become weaker.Subramaniam argues that the divergence in results across emerging markets suggests that, as emerging markets mature and both country and currency effects widen, institutional investors can implement more active mandates to take advantage of the differences. Provided, that is, they are willing to accept the risks.Perhaps the greater problem investors have faced in emerging markets, however, has been the volatility associated with large scale flows into and out of global emerging market exchange-traded funds, which have pushed markets both up and down. For long-term institutional investors, perhaps such volatility should be discounted – and investment decisions made on assessments of fundamental valuations rather than fund flows. That would suggest treating major emerging markets such as China and India as separate investment destinations in their own right, much as Japan has been considered for the past three or four decades.What is clearer is that passive global emerging market allocations based on a market cap weightings give institutional investors excess volatility associated with fund flows rather than fundamentals. Perhaps it is time for a more intelligent approach. MSCI in a recent note raised the issue as to whether it is time investors re-examined their approaches to investing in emerging markets.Raman Aylur Subramanian of MSCI’s equity applied research team makes the point that institutional investors face at least three choices in their allocations to emerging markets. They can allocate to an integrated, global equity approach (active or passive). They can adopt a dedicated emerging markets allocation. Or they can make active allocations to particular countries within emerging markets.There is a long-term structural change in the world which can be seen as the narrowing of the arbitrage between emerging markets and developed. There are many different manifestations of this, including the rise of the domestic consumer within emerging markets, and the increasing role of trade flows within emerging markets, compared with trade flows between emerging markets and developed.Then there is what MSCI themselves raise in Subramaniam’s article, namely the convergence of return and risk profiles between developed and emerging markets. Combined with the dispersion between countries within emerging economies, this means that some institutional investors are reconfiguring mandates to take more active views on individual countries.
Houston-based Vaalco Energy has begun workover operations to restore production to two wells currently shut-in on the Avouma platform offshore Gabon.Vaalco said on Tuesday that the workover operations on the platform began on May 17, 2018.The company added that the work on the platform entailed replacing electric submersible pumps (ESPs) on the Avouma 2-H and South Tchibala 1-HB wells.The ESP on the Avouma 2-H well failed in November 2017 and the well was temporarily shut-in. Vaalco also experienced an ESP failure in a different well on the same platform, South Tchibala 1-HB, on December 24, 2017, resulting in that well also being temporarily shut-in.According to Vaalco, net production of approximately 750 net barrels of oil per day (bopd) may be restored if both workovers are successful.Cary Bounds, Vaalco CEO, said: “[…] our workover operations to restore production from two shut-in wells on the Avouma platform have commenced. We are hopeful that modifications to the design of the downhole ESP equipment, improvements in the installation procedures and upgrades to the surface control systems on the platform will result in improved operational reliability.“With the additional 750 net bopd of production that these wells could bring back online if the workover operations are successful, coupled with higher Brent pricing, we will continue to enhance our ability to generate cash in 2018.”Vaalco also said that its subsidiary paid off the outstanding balance on its amended term loan agreement with the International Finance Corporation (IFC).On March 31, 2018, debt, net of deferred financing costs, totaled $7 million. The total payoff amount for the principal and accrued interest since March 31 was approximately $7.2 million.Vaalco now has no debt on the balance sheet for the first time since June 30, 2014. The company said that it saved over $0.3 million in interest over the next year.“We are realizing significant cash flow generation due to the strong improvement in Brent oil prices with no hedges currently in place. This is allowing us to eliminate all of our outstanding debt and strengthen our balance sheet. We are improving our financial position in anticipation of a development drilling campaign on our offshore Gabon asset in 2019,” Bounds said.
Washington D.C. — Envolve Foods, a Corona, Calif. establishment, is recalling approximately 292,764 pounds of ready-to-eat chicken and beef products that contain a vegetable ingredient that may be contaminated with Salmonella and Listeria monocytogenes, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.The ready-to-eat chicken and beef items were produced and packaged from Feb. 2, 2017 through Oct. 12, 2018. The following products are subject to recall: [View Labels (PDF only)]• 22-oz. plastic bags containing “simple truth, Chicken Bibimbap” and a case code number of 011110890108 on the label and use by/sell by dates of 11/2/18 through 3/12/20.• 22-oz. plastic bags containing “simple truth, Thai Style Green Curry” and a case code number of 011110816382 on the label and use by/sell by dates of 3/13/19 through 1/24/20.• 22-oz. plastic bags containing “simple truth, Chicken Tikka Masala” and a case code of 011110890092 on the label and use by/sell by dates of 3/22/19 through 4/12/19.10-lb. cases containing “CADENCE GOURMET, Steak Fajitas,” with an item number of SS00024, and an expiration dates of 11/1/2018 through 01/18/19, on the label.• 10-lb. cases containing “CADENCE GOURMET, Tuscan Tomato Basil Chicken & Sausage,” with an item number of SS00032, and an expiration dates of 10/20/18 through 01/09/19 on the label.10-lb. cases containing “CADENCE GOURMET, Rustic Toasted Tomato Basil Chicken & Vegetables,” with an item number of SS00047, and an expiration dates of 2/05/19 through 10/12/19 on the label.The products subject to recall bear establishment number “EST. 44857” inside the USDA mark of inspection. These items were shipped to distribution warehouses nationwide.The problem was discovered on October 16, 2018 when Envolve Foods received notification that the vegetables used in the production of their ready-to-eat products were being recalled by their vegetable supplier due to Salmonellaand Listeria monocytogenes concerns.There have been no confirmed reports of adverse reactions due to consumption of these products. Anyone concerned about an injury or illness should contact a healthcare provider.Consumption of food contaminated with Salmonella can cause salmonellosis, one of the most common bacterial foodborne illnesses. The most common symptoms of salmonellosis are diarrhea, abdominal cramps, and fever within 12 to 72 hours after eating the contaminated product. The illness usually lasts 4 to 7 days. Most people recover without treatment. In some persons, however, the diarrhea may be so severe that the patient needs to be hospitalized.Consumption of food contaminated with L. monocytogenes can cause listeriosis, a serious infection that primarily affects older adults, persons with weakened immune systems, and pregnant women and their newborns. Less commonly, persons outside these risk groups are affected.Listeriosis can cause fever, muscle aches, headache, stiff neck, confusion, loss of balance and convulsions sometimes preceded by diarrhea or other gastrointestinal symptoms. An invasive infection spreads beyond the gastrointestinal tract. In pregnant women, the infection can cause miscarriages, stillbirths, premature delivery or life-threatening infection of the newborn. In addition, serious and sometimes fatal infections in older adults and persons with weakened immune systems. Listeriosis is treated with antibiotics. Persons in the higher-risk categories who experience flu-like symptoms within two months after eating contaminated food should seek medical care and tell the health care provider about eating the contaminated food.FSIS is concerned that some product may be frozen and in consumers’ freezers. Consumers who have purchased these products are urged not to consume them. These products should be thrown away or returned to the place of purchase.
Franklin County, In. — A report from the Franklin County Sheriff’s Department says a driver fell asleep causing a single vehicle crash on eastbound I-74 Sunday.Deputies say around 12:30 p.m. a pickup truck driven by Duane Moody, 55, of Danville, fell asleep and woke up when his pickup truck went off the north side of the roadway. Moody overcorrected causing the car to cross both eastbound lanes and rolled on the south side of the interstate.Moody was treated at Margaret Mary Health. The crash remains under investigation.
Press Association Southampton director Les Reed said: “Jay is naturally disappointed, but is determined to get back playing for Saints as soon as possible. “Everything will be done to return him to full fitness and deliver a speedy recovery. “Jay has asked us to pass on his gratitude to everybody who has shown him their concern and sympathy during the 48-or-so hours since his injury. “Everyone at the club now wishes Jay well and we will support him, along with his family, to ensure that an international career plays a big part in his future.” The forward landed awkwardly during Saturday’s 4-1 defeat at Manchester City and Southampton confirmed he has ruptured his anterior cruciate ligament. “Southampton Football Club can confirm that, following his injury on Saturday against Manchester City, Jay Rodriguez has been diagnosed as having suffered a rupture to his anterior cruciate ligament,” a statement on the club’s official website, www.saintsfc.co.uk, said. “This will keep him out of action for six months and regrettably means he will not be fit for selection by the English national team at this summer’s FIFA World Cup in Brazil. “The 24-year-old has already been scanned and has met with a specialist knee surgeon. He will be having a routine operation shortly. “The club will post any further updates once Jay’s rehabilitation is under way.” Southampton’s statement confirmed what many had expected given the way his right knee buckled beneath him. Rodriguez looked understandably tearful as he was taken off on a stretcher, receiving a standing ovation by both sets of fans at the Etihad Stadium. Roy Hodgson witnessed the incident first hand. The England manager has now lost another player to an anterior cruciate ligament injury after Arsenal forward Theo Walcott earlier in the year. Jay Rodriguez faces six months on the sidelines after rupturing his anterior cruciate ligament, extinguishing the Southampton attacker’s hopes of going to the World Cup. The 24-year-old was in the running for a spot in England’s 23-man squad, having enjoyed a fine season with Saints in which he netted 17 goals. Such form saw Rodriguez handed his Three Lions debut in November’s friendly against Chile, but his hopes of a spot on the plane to Brazil have been cruelly taken away.